Government and institution measures in response to COVID-19.
Government and institution measures in response to COVID-19.
Return to homepage | Last updated: 09 September, 2020
On 18 March 2020, the Government of The Bahamas rolled out a COVID-19 fiscal stimulus response plan. The stimulus response included provisions for unemployment assistance, food and social support, and business loans. To date B$369 million has been allocated to respond to COVID-19 in The Bahamas (approx. 3.0% of The Bahamas’ annual GDP). Of this, approx. B$250 million is geared towards sustaining pre-COVID-19 employment levels.
Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.
Main source of information
Advisory/Tax: Simon Townend – stownend@kpmg.com.bs
Advisory: Shana Lee – shanalee@kpmg.com.bs